Fidelity Asian Values (LON:FAS) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• The stock price of Fidelity Asian Values (LON:FAS) surged above its 200-day moving average during trading, reaching a high of GBX 565.36 ($7.61).
• Fidelity Asian Values currently has a market capitalization of £395.43 million and a P/E ratio of 34.68.
• The company aims to provide shareholders with equity exposure to fast-growing Asian markets by investing in smaller companies before they gain wider recognition.

Fidelity Asian Values (LON:FAS - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 512.05 ($6.93) and traded as high as GBX 565.36 ($7.65). Fidelity Asian Values shares last traded at GBX 564.22 ($7.63), with a volume of 121,140 shares.

Fidelity Asian Values Stock Performance

The firm has a market cap of £398.23 million, a P/E ratio of 34.93 and a beta of 0.56. The firm has a fifty day moving average of GBX 547.88 and a 200-day moving average of GBX 513.19.

About Fidelity Asian Values

Fidelity Asian Values PLC provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world's fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price. The Trust favours smaller companies as this gives it the opportunity to find mispriced businesses, the "winners of tomorrow", before they become well known. With more than 18,000 listed companies in Asia - which is more than the rest of the world put together - there is a huge opportunity for a fundamental research driven stock picker who can fully utilise Fidelity's extensive locally based analyst team.